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Pebblebrook closes $42M sale of Washington, DC, hotel

Hotel real estate investment trust Pebblebrook Hotel Trust closed on its $42 million sale of the 137-room Kimpton Rouge Hotel in Washington, D.C., the Washington Business Journal reported.

The property at 1315 16th St. NW was acquired by Kemmons Wilson Hospitality Partners and Valor Hospitality, according to the publication, adding that the property will undergo a name change and certain upgrades.